FTSE STI closed 2,833.40, down 10.55 points or -0.37% with a total volume of 960M and a total value of S$1.01b. Total number of advance vs decline was 187 vs 201. Of the 30 component index stocks, 9 closed positive, 16 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.620
2. SPH +0.080
3. StarHub +0.050
4. NOL +0.040
5. SingTel +0.040
5. F&N +0.040
The top 5 loser component stocks were :-
1. JSH 500US$ -0.400
2. SIA -0.340
3. JMH 400US$ -0.320
4. HKLand US$ -0.220
5. DBS -0.140
US markets reversed earlier loss and closed slightly positive despite a mixed economy data. Asia bourses were also mixed and relatively flat for the day. Nikkei closed -0.04%, SSE -1.84% and HSI +0.74%. STI moving between positive and negative region and closed -0.37% with a volume of less than 1b. There were also a big transactions for various stocks which gap up or gap down the closing price during the pre-close matching and that could be fund managers start adjusting their portfolio for the 1H 2010 ( window dressing ). Volume might be thin as most retail investors are sideline but that does not stop the fund managers coming in to buy after the recent sell down for their portfolio. Market could be consolidating for end of the month 1H window dressing or prior to next month earning season.
